tailieunhanh - Lecture Accounting information systems: Basic concepts and current issues (3rd edition): Chapter 14 - Robert L. Hurt

Chapter 14 - Other business processes. After studying this chapter you will be able to: Explain its role and purpose, explain how the generic structure of most AIS applies, identify and process common transactions, design and critique internal controls based on common risk exposures, develop and interpret process-related systems documentation. | Chapter 14 Other Business Processes Outline Expected outcomes Nature of other processes Conversion process Financing process Human resource process Process relationships Expected outcomes With respect to the conversion, financing and human resource processes, you should be able to: Explain the role & purpose of each process. Explain how the generic structure of most AIS applies. Identify & process common transactions. Design & critique internal controls based on common risk exposures. Develop & interpret process-related systems documentation. Nature of other processes The sales / collection and acquisition / payment processes share significant similarities across a wide range of organizations. The processes in this chapter can (and do) vary significantly based on: Products & services sold Organization size Form of ownership Employee characteristics & benefits Conversion process Role and purpose To convert factors of production into a finished product Factors of production Direct material Direct labor Overhead Conversion process AIS structure Inputs Materials requisition Materials move ticket Labor time ticket Process Job costing systems Process costing systems Hybrid systems Outputs Job cost sheet Production cost report Storage Employee master file Inventory master file Manufacturing transactions file Conversion process Lecture break 14-1 What transactions would be recorded in the manufacturing transactions file? How would its tables be structured? Conversion process Internal controls Raw material storage conditions Backup power supplies for manufacturing Workers’ compensation insurance Safety training Protective clothing Financing process Purpose and nature To acquire external financial resources the organization needs to carry out its operations Two principal sources Debt financing Equity financing Lecture break 14-2 What do you recall about the advantages & disadvantages of debt & equity financing from introductory financial accounting? Financing . | Chapter 14 Other Business Processes Outline Expected outcomes Nature of other processes Conversion process Financing process Human resource process Process relationships Expected outcomes With respect to the conversion, financing and human resource processes, you should be able to: Explain the role & purpose of each process. Explain how the generic structure of most AIS applies. Identify & process common transactions. Design & critique internal controls based on common risk exposures. Develop & interpret process-related systems documentation. Nature of other processes The sales / collection and acquisition / payment processes share significant similarities across a wide range of organizations. The processes in this chapter can (and do) vary significantly based on: Products & services sold Organization size Form of ownership Employee characteristics & benefits Conversion process Role and purpose To convert factors of production into a finished product Factors of production